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International Monetary Fund. External Relations Dept.

Asia is expected to have another good year in 2006, according to the IMF’s May Asia-Pacific Regional Economic Outlook. The report, to be launched in Hong Kong SAR on May 2, projects that regional growth will again amount to a robust 7 percent this year, the same as last year. In Japan, the recovery is expected to continue, with domestic demand strengthening thanks to robust corporate investment and a firming labor market, which is stimulating household incomes and consumption.